Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
GEORGE W & RUTH R BAXTER FOUNDATION
INC
Number and street (or P.O. box number if mail is not delivered to street address)2115 REXFORD ROAD 211
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHARLOTTE, NC28211
A Employer identification number

56-0949547
B Telephone number (see instructions)

(704) 365-3806
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$21,642,764J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 17,970 17,970  
4 Dividends and interest from securities... 522,818 522,818  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 855,250
b Gross sales price for all assets on line 6a 3,193,554
7 Capital gain net income (from Part IV, line 2)... 855,250
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,396,038 1,396,038 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 147,500 5,000 0 142,500
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
7,875 1,969 0 5,906
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
19,266 16,266 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 37,181 9,295 0 27,886
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
162,292 157,548 0 4,745
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 374,114 190,078 0 181,037
25 Contributions, gifts, grants paid....... 691,000 691,000
26 Total expenses and disbursements. Add lines 24 and 25 1,065,114 190,078 0 872,037
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 330,924
b Net investment income (if negative, enter -0-) 1,205,960
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 735,985 676,249 676,249
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 3,222,891 Click to see attachment
List of Attached Documents:
// Content
4,669,701 		6,227,838
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 13,674,426 Click to see attachment
List of Attached Documents:
// Content
12,600,212 		14,738,677
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 17,633,302 17,946,162 21,642,764
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 17,633,302 17,946,162
29 Total net assets or fund balances (see instructions)..... 17,633,302 17,946,162
30 Total liabilities and net assets/fund balances (see instructions). 17,633,302 17,946,162
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
17,633,302
2
Enter amount from Part I, line 27a .....................
2
330,924
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
17,964,226
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
18,064
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
17,946,162
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b CAPITAL GAIN DISTRIBUTIONS      
c K-1 INVESTMENTS P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 3,082,373   2,502,312 580,061
b 111,181     111,181
c       164,008
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       580,061
b       111,181
c       164,008
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 855,250
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 855,250
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 16,763
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 16,763
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 16,763
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 8,286
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 27,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 35,286
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 18,523
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow18,523 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNC
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowG STEVE BAXTER SR CHAIRMAN Telephone no.right arrow (704) 365-3806

Located atright arrowBAXTER FOUNDATION-2115 REXFORD ROADSUITE 211CHARLOTTENC ZIP+4right arrow28211
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
G STEVE BAXTER SR CHAIRMAN
15.00 		60,000 0 0
2115 REXFORD RD STE 211
CHARLOTTE,NC28211
BARBARA S GROTZKE DIRECTOR/TREASURER
2.00 		20,000 0 0
2115 REXFORD RD STE 211
CHARLOTTE,NC28211
EMILY E PACE DIRECTOR/ASSISTANT SECRETARY
1.00 		7,500 0 0
2115 REXFORD RD STE 211
CHARLOTTE,NC28211
ANDREW D PACE DIRECTOR/PRESIDENT
8.00 		50,000 0 0
2115 REXFORD RD STE 211
CHARLOTTE,NC28211
MARK BARE DIRECTOR/SECRETARY
1.00 		10,000 0 0
2115 REXFORD RD STE 211
CHARLOTTE,NC28211
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 NOT APPLICABLE 0
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 NOT APPLICABLE 0
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
21,461,236
b
Average of monthly cash balances.......................
1b
702,185
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
22,163,421
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
22,163,421
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
332,451
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
21,830,970
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,091,549
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,091,549
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
16,763
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
16,763
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,074,786
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,074,786
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,074,786
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
872,037
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
872,037
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 1,074,786
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 640,971
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 872,037
a Applied to 2023, but not more than line 2a 640,971
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 231,066
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		843,720
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ADULT DAY AND HEALTHCARE SERVICES

13001 IDLEWILD ROAD
MATTHEWS,NC28105 		N/A PUBLIC CHARITY CIVIC, ADULT DAY AND HEALTH CARE SERVICES 5,000

AGAPE DENTAL MINISTRY

7839 IDLEWILD ROAD
CHARLOTTE,NC28212 		N/A PUBLIC CHARITY MEDICAL, DENTAL CARE FOR NEEDY 15,000

ASSISTANCE LEAGUE OF CHARLOTTE

P O BOX 471112
CHARLOTTE,NC282471112 		N/A PUBLIC CHARITY CIVIC, SUPPORT FOR CHILDREN IN POVERTY 10,000

AUGUSTINE LITERACY PROJECT - CHARLOTTE

115 W 7TH ST
CHARLOTTE,NC28202 		N/A PUBLIC CHARITY CIVIC, TUTORING ASSISTANCE IN UNDER-RESOURCED COMMUNITIES 10,000

BOUNTY & SOUL

999 OLD US HWY 70
BLACK MOUNTAIN,NC28711 		N/A PUBLIC CHARITY CIVIC, PROVIDING NUTRITIOUS FOOD TO COMMUNITIES 10,000

CABARRUS MEALS ON WHEELS

342 PENNY LN
CONCORD,NC28025 		N/A PUBLIC CHARITY CIVIC, HELPING END SENIOR HUNGER 10,000

CAROLINA BREAST FRIENDS

1607 E MOREHEAD ST
CHARLOTTE,NC28207 		N/A PUBLIC CHARITY MEDICAL, FREE SCREENING 5,000

CHANGING DESTINIES MINISTRIES

2260 LONGLEAF DR SW
PINEHURST,NC28374 		N/A PUBLIC CHARITY CIVIC, PROVIDE AWARENESS OF HUMAN TRAFFICKING & ADVOCACY FOR SEX-TRAFFICKED SURVIVORS 5,000

CHARLOTTE COMMUNITY HEALTH CLINIC

8401 MEDICAL PLAZA DR STE 300
CHARLOTTE,NC28262 		N/A PUBLIC CHARITY MEDICAL, PROVIDES HEALTHCARE SERVICES FOR LOW-INCOME AND UNDERSERVED 5,000

CHARLOTTE NEUROSCIENCE FOUNDATION

300 BILLINGSLEY RD STE 108
CHARLOTTE,NC28211 		N/A PUBLIC CHARITY MEDICAL, SUPPORT FOR ALZHEIMERS, PARKINSONS AND RELATED DISORDERS 15,000

CHARLOTTE SPEECH AND HEARING CENTER

741 KENILWORTH AVE STE 100
CHARLOTTE,NC28204 		N/A PUBLIC CHARITY MEDICAL, HEARING AID BANK 15,000

CHARLOTTE SYMPHONY ORCHESTRA

128 S TRYON ST STE 250
STE,NC28202 		N/A PUBLIC CHARITY CIVIC, SUPPORT FOR THE ARTS 5,000

CLASSROOM CENTRAL

2116 WILKINSON BLVD
CHARLOTTE,NC28208 		N/A PUBLIC CHARITY EDUCATIONAL; SCHOOL SUPPLIES 20,000

COMMUNITIES IN SCHOOLS

601 E 5TH ST
CHARLOTTE,NC28202 		N/A PUBLIC CHARITY EDUCATIONAL; HELPS KEEP KIDS IN SCHOOL 25,000

CRISIS ASSISTANCE MINISTRY

500-A SPRATT ST
CHARLOTTE,NC28206 		N/A PUBLIC CHARITY CIVIC, FINANCIAL ASSISTANCE FOR LOW INCOME 15,000

CROSSNORE SCHOOL

PO BOX 249
CROSSNORE,NC286160249 		N/A PUBLIC CHARITY EDUCATIONAL, CHILD SERVICES & FOSTER CARE 10,000

DREAMS 4 ALL

150 COMMERCE AVE
SOUTHERN PINES,NC28387 		N/A PUBLIC CHARITY CIVIC, PROVIDE MATTRESSES FOR LOW-INCOME 10,000

FAMILIES FORWARD CHARLOTTE

PO BOX 470436
CHARLOTTE,NC28247 		N/A PUBLIC CHARITY CIVIC, EMPOWER FAMILIES WITH RESOURCES TO OVERCOME INTERGENERATIONAL POVERTY 10,000

FAMILY PROMISE OF KNOXVILLE

3545 MIDDLEBROOK PIKE
KNOXVILLE,TN37291 		N/A PUBLIC CHARITY CIVIC, SUPPORT FOR HOMELESS FAMILIES 10,000

FIRST HEALTH FOUNDATION

150 APPLECROSS RD
PINEHURST,NC28374 		N/A PUBLIC CHARITY MEDICAL, HOSPICE SUPPORT 25,000

FLAT ROCK PLAYHOUSE

2661 GREENVILLE HWY
FLAT ROCK,NC28731 		N/A PUBLIC CHARITY CIVIC, SUPPORT OF THE ARTS 10,000

FLETCHER SCHOOL

8500 SARDIS RD
CHARLOTTE,NC28270 		N/A PUBLIC CHARITY EDUCATIONAL, CHILDREN WITH LEARNING DISABILITIES 5,000

FRIENDSHIP TRAYS

2401 DISTRIBUTION ST A
CHARLOTTE,NC28203 		N/A PUBLIC CHARITY CIVIC, DELIVER MEALS TO ELDERLY 30,000

HEART MATH TUTORING

POST OFFICE BOX 30623
CHARLOTTE,NC28230 		N/A PUBLIC CHARITY EDUCATIONAL; PROVIDES MATH TUTORS IN SCHOOLS 20,000

HEARTS UNITED FOR GOOD

2920 N TRYON ST
CHARLOTTE,NC28206 		N/A PUBLIC CHARITY CIVIC, PROVIDING FOOD AND SUPPORT FOR HOMELESS AND UNDERSERVED 10,000

HOSPICE PALLIATIVE CARE - CHARLOTTE

P O BOX 470408
CHARLOTTE,NC28247 		N/A PUBLIC CHARITY MEDICAL, REGIONAL HOSPICE CARE 15,000

HOSPITALITY HOUSE

PO BOX 309
BOONE,NC28607 		N/A PUBLIC CHARITY MEDICAL, PROVIDES TEMPORARY HOUSING FOR THOSE EXPERIENCING A MEDICAL CRISIS 5,000

INTERFAITH HEALTH CLINIC

315 GILL AVE
KNOXVILLE,TN37917 		N/A PUBLIC CHARITY MEDICAL, PROVIDE AFFORDABLE AND QUALITY HEALTH CARE FOR LOW-INCOME AND UNINSURED 10,000

LAKE NORMAN COMMUNITY HEALTH CLINIC

14230 HUNTERS RD
HUNTERSVILLE,NC28078 		N/A PUBLIC CHARITY MEDICAL, PROVIDE MEDICAL CARE FOR UNINSURED 10,000

LANDMARK BAPTIST CHURCH

9011 CHAPEL HILL RD
CARY,NC27513 		N/A PUBLIC CHARITY CIVIC, SPECIAL NEEDS BASEBALL FIELD 10,000

LEUKEMIA & LYMPHOMA SOCIETY

PO BOX 22324
NEW YORK,NY10087 		N/A PUBLIC CHARITY MEDICAL, CANCER RESEARCH, SUPPPORT AND ADVOCACY FOR PATIENTS 3,000

LYNWOOD FOUNDATION

400 HERMITAGE RD
CHARLOTTE,NC28207 		N/A PUBLIC CHARITY CIVIC, SCHOLARSHIP FUND 5,000

MATTHEWS FREE MEDICAL CLINIC

196 S TRADE ST
MATTHEWS,NC28105 		N/A PUBLIC CHARITY MEDICAL, FREE MEDICAL CARE TO LOW INCOME AND UNINSURED 10,000

MCCOLL CENTER FOR VISUAL ARTS

721 N TRYON ST
CHARLOTTE,NC28202 		N/A PUBLIC CHARITY CIVIC, ARTISTS IN RESIDENCE PROGRAM 5,000

MEDASSIST NC

4428 TAGGART CREEK RD 101
CHARLOTTE,NC28208 		N/A PUBLIC CHARITY MEDICAL, FREE MEDICATION TO LOW INCOME AND UNINSURED 20,000

MEDICAL BENEVOLENCE FOUNDATION

12946 DAIRY ASHFORD RD 23
SUGAR LAND,TX77478 		N/A PUBLIC CHARITY MEDICAL, PROVIDE HEALTHCARE IN DEVELOPING COUNTRIES 10,000

MOORE COUNTY FREE & CHARITABLE CLINIC

211 TRIMBLE PLANT RD
SOUTHERN PINES,NC28387 		N/A PUBLIC CHARITY MEDICAL, FREE MEDICAL CARE TO LOW INCOME AND UNINSURED 15,000

NEWPORT BREAD BASKET

625 HONEY BEE LN
NEWPORT,TN37821 		N/A PUBLIC CHARITY CIVIC, FOOD PANTRY 10,000

NEXT STEP CLUBHOUSE

4921 RANDOLPH RD
CHARLOTTE,NC28211 		N/A PUBLIC CHARITY CIVIC, PROGRAMS FOR INDIVIDUALS W/ INTELLECTUAL & DEVELOPMENTAL DISABILITIES 2,500

NORTHERN MOORE FAMILY RESOURCE CENTER

PO BOX 190
ROBBINS,NC27325 		N/A PUBLIC CHARITY CIVIC, PRE-SCHOOL AND AFTER SCHOOL PROGRAMS FOR FAMILIES IN NEED 10,000

NV FOUNDATION INC

113 RONSARD LN
CARY,NC27511 		N/A PUBLIC CHARITY MEDICAL; FINANCIAL ASSISTANCE FOR CANCER PATIENTS 5,000

PATRIOT FOUNDATION

PO BOX 5069
PINEHURST,NC283745069 		N/A PUBLIC CHARITY CIVIC, SUPPORT FOR MILITARY FAMILIES 25,000

PAT'S PLACE CHILD ADVOCACY CENTER

901 EAST BLVD
CHARLOTTE,NC28203 		N/A PUBLIC CHARITY CIVIC, SUPPORT FOR ABUSED CHILDREN 15,000

PHILIPS ACADEMY OF NORTH CAROLINA

3115 PROVIDENCE ROAD
CHARLOTTE,NC28211 		N/A PUBLIC CHARITY CIVIC, PROVIDE SPECIAL NEEDS WITH ACADEMIC, SOCIAL AND OCCUPATIONAL SKILLS 5,000

PRANCING HORSE CENTER

6100 HOFFMAN RD
HOFFMAN,NC28347 		N/A PUBLIC CHARITY CIVIC, PROVIDE BENEFITS OF THERAPEUTIC HORSEBACK RIDING TO SPECIAL NEEDS INDIVIDUALS 10,000

PROJECT SANTA OF THE SANDHILLS

69 LAKEVIEW DR
WHISPERING PINES,NC28327 		N/A PUBLIC CHARITY CIVIC, PROVIDE BIKES TO NEEDY CHILDREN AT CHRISTMAS 7,500

RANDOM ACTS OF FLOWERS

1950 HENDERSONVILLE RD 1802
SKYLAND,NC28776 		N/A PUBLIC CHARITY CIVIC, PROVIDES FLOWERS TO PEOPLE IN HEALTHCARE FACILITIES 3,000

RICHMOND COUNTY HOSPICE

1119 US-1
ROCKINGHAM,NC28379 		N/A PUBLIC CHARITY MEDICAL, REGIONAL HOSPICE CARE 10,000

ROOF ABOVE

945 N COLLEGE STREET
CHARLOTTE,NC28206 		N/A PUBLIC CHARITY CIVIC, HOMELESS SERVICES AND HOUSING PROGRAMS 10,000

SALVATION ARMY

P O BOX 241808
CHARLOTTE,NC282241808 		N/A PUBLIC CHARITY CIVIC, RAPID REHOUSING CLERICAL FUND 20,000

SAMARITAN'S COLONY

ROUTE 2 BOX 151A
ROCKINGHAM,NC28379 		N/A PUBLIC CHARITY CIVIC, TREATMENT FOR ADDICTION 20,000

SANDHILLS BOYS & GIRLS CLUB

PO BOX 1761
SOUTHERN PINES,NC28388 		N/A PUBLIC CHARITY CIVIC, SCHOLARSHIP FUND 5,000

SANDHILLS CLASSICAL CHRISTIAN SCHOOL

1487 RAYS BRIDGE RD
WHISPERING PINES,NC28327 		N/A PUBLIC CHARITY EDUCATION, PLAYGROUND FOR NEW SCHOOL 15,000

SECOND HARVEST FOOD BANK

500 SPRATT ST B
CHARLOTTE,NC28206 		N/A PUBLIC CHARITY CIVIC, PROVIDE FOOD FOR HUNGRY 5,000

SHELTER HEALTH SERVICES

534 SPRATT ST
CHARLOTTE,NC28206 		N/A PUBLIC CHARITY MEDICAL, FREE HEATHCARE AND EDUCATION TO HOMELESS 15,000

SLEEVES 4 NEEDS

301 N CHILHOWEE DR
KNOXVILLE,TN379143710 		N/A PUBLIC CHARITY CIVIC, DELIVER BASIS GOODS AND SERVICES TO UNDER SERVED/ UNDER RESOURCED COMMUNITIES 5,000

SMITH MEDICAL CLINIC INC

P O BOX 1740
PAWLEYS ISLAND,SC29585 		N/A PUBLIC CHARITY MEDICAL, PROVIDE FREE MEDICAL CARE 10,000

SOLUTIONS FOR ANIMALS INC

P O BOX 2062
SOUTHERN PINES,NC28388 		N/A PUBLIC CHARITY CIVIC, ADOPTION AND RESCUE OF HOMELESS ANIMALS 10,000

ST JUDE'S CHILDREN'S RESEARCH HOSPITAL

501 ST JUDE PLACE
MEMPHIS,TN38105 		N/A PUBLIC CHARITY MEDICAL, FREE CHILDHOOD CANCER CARE 5,000

THE JEREMIAH PROJECT - SANDHILLS

PO BOX 3784
PINEHURST,NC28374 		N/A PUBLIC CHARITY CIVIC, PROVIDES SUPPORT FOR SINGLE, PREGNANT WOMEN AND MOTHERS FACING HOMELESSNESS 5,000

THE LOVE KITCHEN INC

9545 PINNACLE DR STE 333
CHARLOTTE,NC28208 		N/A PUBLIC CHARITY CIVIC, PROVIDES MEALS & CLOTHING FOR HOMEBOUND, HOMELESS & UNEMPLOYED 10,000

VETERAN'S BRIDGE HOME

5260 PARKWAY PLAZA BLVD 110
CHARLOTTE,NC28217 		N/A PUBLIC CHARITY CIVIC, PROVIDES SUPPORT FOR VETERANS AND THEIR FAMILIES 20,000

WILL'S PLACE

POBOX 1014
ALBEMARLE,NC28001 		N/A PUBLIC CHARITY MEDICAL, RESOURCE CENTER FOR INDIVIDUALS RECOVERING FROM SUBSTANCE USE DISORDER 5,000
Total .................................right arrow 3a 691,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 17,970  
4 Dividends and interest from securities ....     14 522,818  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 855,250  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 1,396,038 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,396,038
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
GEORGE W & RUTH R BAXTER FOUNDATION
 
INC
EIN:
56-0949547
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DELOITTE TAX, LLP 7,875 1,969 0 5,906

TY 2024 InvestmentsCorpStockSchedule
Name:
GEORGE W & RUTH R BAXTER FOUNDATION
 
INC
EIN:
56-0949547
Name of Stock End of Year Book Value End of Year Fair Market Value
AMAZON.COM INC 106,048 151,598
BOOKING HOLDINGS INC COM STK 26,711 74,526
MCDONALD'S CORP 54,036 59,427
NIKE INC CL B 59,586 57,963
COSTCO WHOLESALE CORP 24,906 111,785
NESTLE S A SPONS ADR 30,791 44,118
BERKSHIRE HATHAWAY INC-CL B 20,098 116,040
ARTHUR J GALLAGHER & CO 25,101 80,897
PROGRESSIVE CORP OHIO 36,359 106,626
S&P GLOBAL INC COM STK 78,968 114,049
ABBOTT LABORATORIES 127,241 122,724
THERMO FISHER SCIENTIFIC INC 51,845 61,907
ZOETIS INC COM STK 11,944 67,127
ALCON INC COM STK 24,480 59,847
OTIS WORLDWIDE CORPORATION COM 65,236 63,253
WASTE MANAGEMENT INC 19,474 122,083
CADENCE DESIGN SYS INC 43,247 48,074
KLA CORPORATION 15,288 99,559
MASTERCARD INCORPORATED 60,760 126,903
ORACLE CORP 37,457 165,807
LINDE PLC COM STK 57,373 146,953
ALPHABET INC CL C 12,589 171,206
PROCTER & GAMBLE CO 66,395 76,281
BLACKROCK INC COM 102,185 148,641
JOHNSON & JOHNSON 93,391 78,818
UNITED HEALTH GROUP INC 69,259 68,291
ADOBE INC 45,284 51,138
APPLE COMPUTER INC 81,048 156,513
MICROSOFT CORP 141,363 206,535
TEXAS INSTRUMENT INC 108,616 121,882
PEPSICO INC 69,775 59,303
APPLIED MATERIALS INC 61,551 72,858
AUTOMATIC DATA PROCESSING INC 58,931 70,255
ECOLAB INC 48,173 64,438
ADVANCED DRAINAGE SYSTEM INC COM 49,716 38,610
APTARGROUP INC COM 39,044 47,130
BRIGHT HORIZONS FAMILY SOLUT COM STK 29,357 32,257
BROWN & BROWN INC 57,991 77,535
BRUKER CORP COM STK 51,668 39,275
CROWN HOLDINGS INC COM 51,865 48,126
DARLING INGREDIENTS INC COM 92,525 78,093
ASPEN TECNOLOGY INC COM STK 30,997 37,944
ENTEGRIS INC COM STK 57,612 44,874
GFL ENVIRONMENTAL COM STK 102,758 118,833
GXO LOGISTICS INCORPORATED COMMON STOCK 103,769 90,828
GUIDEWIRE SOFTWARE INC COM STK 64,161 97,439
HEICO CORP CL A 36,324 47,264
LPL FINANCIAL HOLDINGS INC COM STK 73,228 103,504
MISTER CAR WASH INC COM 23,856 20,434
NVR INC COM STK 20,889 24,537
SHIFT 4 PAYMENTS INC CL A 42,001 57,494
TAKE TWO INTERACTIVE SOFTWRE COM STOCK 43,895 51,174
TORO CO COM STK 55,968 52,786
VULCAN MATERIALS CO 26,226 30,096
WATSCO INC COM STK 63,157 72,505
WHYNDHAM HOTELS AND RESORTS INC COM STK 76,634 104,116
ZEBRA TECHNOLOGIES CORP COM 34,234 49,822
GLOBANT SA COM STK 105,507 117,502
ARISTA NETWORKS INC COM STK 33,130 58,360
CBRE GROUP INC CL A 90,210 124,594
WILLSCOT MOBILE MINI HOLDINGS CO COM CL A 55,238 51,279
ICON PLC COM STK 117,656 88,078
WEST PHARMACEUTICAL SVCS INC 54,576 61,909
GQG PART QLTY QQTY-INST 1,050,000 1,014,015

TY 2024 InvestmentsOtherSchedule2
Name:
GEORGE W & RUTH R BAXTER FOUNDATION
 
INC
EIN:
56-0949547
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BBH LIMITED DURATION FUND CL AT COST 2,505,936 2,573,349
BBH INCOME FUND I AT COST 3,519,134 3,241,175
AKRE FOCUS FUND SUPRA INST AT COST 399,632 1,168,235
ALTAROCK PARTNERS SERIES - BBH WS AT COST 723,483 1,355,909
VALLEY FORGE LARGE CAP EQUITY AT COST 760,707 881,951
MAKAIRA PARTNERS SERIES - BBH WS AT COST 786,412 887,517
CLARKSTON CAPITAL PARTNERS - BBH WS AT COST 1,282,748 1,404,871
BBH PARTNER FUND - INTERNATIONAL EQUITY AT COST 1,434,411 1,811,524
SELECT EQUITY SERIES - BBH WS AT COST 266,490 287,481
GQG PARTNERS EMERGING MARKETS - BBH WS AT COST 921,259 1,126,665

TY 2024 OtherDecreasesSchedule
Name:
GEORGE W & RUTH R BAXTER FOUNDATION
 
INC
EIN:
56-0949547
Description Amount
OTHER DECREASES - TIMING DIFFERENCES 18,064


TY 2024 OtherExpensesSchedule
Name:
GEORGE W & RUTH R BAXTER FOUNDATION
 
INC
EIN:
56-0949547
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OFFICE UTILITIES, INTERNET, SUPPLIES 1,506 377 0 1,130
INVESTMENT EXPENSES 101,040 101,040 0 0
MISCELLANEOUS ADMINISTRATIVE EXPENSES 3,714 929 0 2,785
EXPONENT PHILANTHROPY 830 0 0 830
INVESTMENT EXPENSES FROM K-1 INVESTMENTS 55,202 55,202 0 0


TY 2024 TaxesSchedule
Name:
GEORGE W & RUTH R BAXTER FOUNDATION
 
INC
EIN:
56-0949547
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES PAID 16,266 16,266 0 0
FEDERAL TAXES 3,000 0 0 0